The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Congress Asset Management Co. MA

Congress Asset Management Co. MA lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 13.3% in the fourth quarter, HoldingsChannel reports. The firm owned 959,497 shares of the technology company’s stock after buying an additional 112,769 shares during the quarter. Congress Asset Management Co. MA’s holdings in Trade Desk were worth $69,045,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTD. Jennison Associates LLC lifted its position in shares of Trade Desk by 91.7% during the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after buying an additional 6,978,352 shares during the last quarter. Invesco Ltd. lifted its position in shares of Trade Desk by 9.6% during the 3rd quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company’s stock worth $461,039,000 after buying an additional 517,842 shares during the last quarter. Norges Bank purchased a new stake in shares of Trade Desk during the 4th quarter worth approximately $255,316,000. Northern Trust Corp lifted its position in shares of Trade Desk by 3.6% during the 3rd quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company’s stock worth $223,593,000 after buying an additional 98,286 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Trade Desk by 10.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,214,832 shares of the technology company’s stock worth $159,379,000 after buying an additional 209,222 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 0.0 %

Shares of TTD stock traded up $0.04 during trading hours on Friday, hitting $95.66. 2,012,934 shares of the company were exchanged, compared to its average volume of 2,990,852. The firm has a market cap of $46.79 billion, a PE ratio of 239.16, a PEG ratio of 5.04 and a beta of 1.49. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $98.18. The firm has a fifty day moving average of $89.36 and a 200 day moving average of $80.47.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. Analysts expect that The Trade Desk, Inc. will post 0.83 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the sale, the chief executive officer now owns 824,022 shares of the company’s stock, valued at approximately $69,605,138.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 368,607 shares of company stock valued at $31,477,358. 10.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Stifel Nicolaus upped their price target on shares of Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Stephens reiterated an “overweight” rating and issued a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Oppenheimer upped their price target on shares of Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Susquehanna reiterated a “positive” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.01.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.